“Canada Is About So Much More”: Prime Minister Mark Carney delivers a strong message amid Donald Trump’s tariff war and growing Canada-U.S. trade tensions. Carney highlights Canada’s economic strength, rising foreign investment, expanding non-U.S. exports and the need to build housing, infrastructure and major projects at home.
As Trump’s tariff policies put pressure on Canadian businesses and threaten traditional trade ties with the United States, Carney says Canada must focus on strengthening its own economy and expanding global trade.
Watch Mark Carney’s latest remarks on Canada’s response to Trump’s tariffs, the future of Canada-U.S. trade relations, foreign investment, exports and Canada’s economic strategy.
#MarkCarney #DonaldTrump #Canada #CanadaUS #TrumpTariffs #TariffWar #CanadaTrade #CanadaEconomy #TradeWar #CanadianPolitics #JustinTrudeau #USCanadaRelations
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As Trump’s tariff policies put pressure on Canadian businesses and threaten traditional trade ties with the United States, Carney says Canada must focus on strengthening its own economy and expanding global trade.
Watch Mark Carney’s latest remarks on Canada’s response to Trump’s tariffs, the future of Canada-U.S. trade relations, foreign investment, exports and Canada’s economic strategy.
#MarkCarney #DonaldTrump #Canada #CanadaUS #TrumpTariffs #TariffWar #CanadaTrade #CanadaEconomy #TradeWar #CanadianPolitics #JustinTrudeau #USCanadaRelations
~PR.462~HT.318~GR.508~VG.HM~
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NewsTranscript
00:00How are you?
00:02Welcome, everyone.
00:03Merci d'être venu.
00:05It's a pleasure to be here in back home in Alberta,
00:08here in Banff.
00:10It's an honour to be welcoming here at Cabinet
00:15President Zelensky, who will address Cabinet
00:17after we finish this session.
00:21I look forward to your questions.
00:22I'll just say a few words of context for this
00:25retreat and leading into the fall.
00:27Now, the first thing is, to be clear, we're coming
00:31here, as Canadians, in a position of strength.
00:35The economy, the most recent quarter, grew at the
00:38fastest rate in three years.
00:39We've been creating jobs.
00:41We lost jobs a bit in the last month, but over the last
00:46year, creating jobs at twice the rate of the United
00:49States.
00:50We have foreign investment at the highest level in 20
00:55years.
00:56We're on course to double our non-U.S.
00:58exports.
01:00We're the most attractive destination for foreign
01:03investment.
01:04Within that context, of course, though, we face
01:07some headwinds, some uncertainties, first and
01:10foremost for Canadians, affordability challenges.
01:13We're making progress, but there's more that needs to
01:16be done.
01:17We have a more dangerous and divided world.
01:20We only have to refer back to the discussion we had
01:24today with President Zelensky on one of the
01:28examples of that.
01:29There are many others.
01:30And, of course, we have the trade relationship with
01:34the United States.
01:35We have a clear plan to address these that builds on
01:39those strengths and the fundamental strengths of
01:41this country.
01:42It's to build, build at home, build housing, build
01:46community infrastructure, build major projects, build
01:49new trade corridors, new energy corridors.
01:51It's to partner, diversify our partnerships abroad,
01:54reliable partnerships.
01:55We have access to one and a half billion consumers
01:58around the world and free trade deals.
02:00We expect to double that over the course of the next six
02:02months.
02:04And it's to deliver.
02:05And this will be a big focus of this cabinet session,
02:08delivering for Canadians, delivering more affordable
02:11life, protecting more secure communities, delivering more
02:16effective government, protecting online Canadians, and
02:21executing on those partnerships that we're
02:24developing abroad.
02:25A few words in French, if I can.
02:27First of all, it's a great pleasure, it's a great
02:30honor to welcome Mr.
02:33President Zelensky.
02:34He will address the cabinet, the first chief of a
02:40foreign government to do it here in Canada.
02:44Deuxièmement, on va avoir une discussion de la situation
02:48actuelle.
02:49Et maintenant, le Canada est fort.
02:53Notre économie est forte.
02:55Le dernier trimestre est le plus rapide, le taux de
02:59croissance le plus rapide depuis trois ans.
03:02Nous créons des jobs à un rythme deux fois plus élevé
03:07que les États-Unis.
03:08Le niveau d'investissement à l'étranger est le plus haut
03:13niveau depuis deux décennies.
03:16Il y a d'autres exemples.
03:18Mais, bien sûr, il y a des incertitudes à l'échelle
03:22mondiale.
03:23Le monde plus dangereux est divisé.
03:27On peut voir la situation en Ukraine comme une de plusieurs
03:32exemples.
03:33Deuxièmement, il y a des défis des vents contraires d'abord
03:37d'habilité pour les Canadiens.
03:38Et, bien sûr, il y a la situation avec les États-Unis, la
03:42discussion commerciale avec les États-Unis.
03:46Nous avons un plan.
03:47C'est le même plan qu'au début, on va le renforcer et le plan est
03:52de bâtir, bâtir chez nous, bâtir des maisons abordables,
03:57l'infrastructure dans nos communautés, des grands projets afin de bâtir
04:03des nations, des corridors d'énergétique, des corridors du commerce.
04:08Et, deuxièmement, diversifier nos partenaires, partenariat à l'échelle
04:14mondiale avec des partenaires fiables.
04:16Maintenant, nous avons accès à 1,5 milliard de consommateurs à travers
04:23le monde.
04:23On va le doubler dans les prochains six mois.
04:30Troisièmement, livrer.
04:32Livrer pour les Canadiens et les Canadiens.
04:34Une vie plus abordable, un logement plus abordable.
04:38Protéger, sécuriser nos communautés et de rendre le gouvernement plus efficace
04:46et plus effectif.
04:48Et avec cela, on peut commencer avec…
04:52Bonjour, Madame Walsh.
04:53Madame Walsh.
04:56La polling shows that there are vastly more people who want to remain in Canada
05:01in Alberta than who want to separate, but turnout is a real concern.
05:05The remain camps are struggling to fundraise any money and struggling to
05:08organise and are worried about turnout.
05:11How confident are you in the result that we will see on October 19th that it
05:15will be to stay in Canada?
05:17Well, thanks for, thank you for the question.
05:20And let me say first and foremost, our
05:23responsibility, my responsibility is to
05:26deliver for Albertans and deliver for Canadians
05:29and focusing on what we call cooperative
05:32federalism, a federal government that's working
05:34with the province of Alberta, working on behalf
05:36of all Albertans, working on behalf of all
05:37Canadians.
05:39We're making a lot of progress, a lot more to
05:40be done in that regard.
05:44It kind of goes to the theme of your question,
05:46if I may, which is about it's not just making
05:49agreements, but it's executing on those
05:51agreements and actually delivering the results
05:53of that.
05:54I think we're seeing that with the agreements with
05:56the province of Alberta.
05:57We're seeing with the infrastructure
05:58announcement Minister Robertson made in
06:01Edmonton.
06:02The announcement Minister Champagne did as well
06:04in Edmonton just in the last couple of days.
06:07But your question goes to a fundamental point,
06:10which is, you know, Canada is worth fighting for.
06:14And fighting for in this regard means showing up
06:17on the 19th or mailing in your ballot or participating
06:22in early voting.
06:24There are, of course, a number of questions on the
06:26ballot as part of this referendum, a number of
06:28other questions.
06:31And I'm heartened to see one can never put too much
06:36weight on polls.
06:36The only poll that matters, as you know, in a
06:38referendum or election is the one on the actual
06:40day and the sum of those.
06:43I'm heartened to see the level of support.
06:47But we do need we do need that that to follow through.
06:51But if the campaigns don't have the money to execute a
06:53campaign, to advertise, to make sure people know they
06:56need to come out and vote on the 19th, will the federal
06:58government step in to put money in or are you going to be
07:01hands off on that side of the get out the vote campaign?
07:03Well, I think I think, well, I say a couple of things.
07:06I understand the motivation question.
07:09Look, one of the strengths of the system we have in Canada is
07:14it's not a money game.
07:16Yes, a certain amount is required, but it's about people.
07:20It's about participation.
07:22It's using the media, traditional virtual all forms of media.
07:29CPAC, thank you for coming and recording this.
07:34And there's a very high degree of awareness in Alberta of the
07:39referendum.
07:41They're actually, and again, one doesn't want to put too much
07:43weight on polling, but there's also a fairly high degree of
07:46understanding of some of these issues as well.
07:49So I'm going to use this opportunity to encourage Albertans,
07:53whatever opinion you have on the referendum, the core question
07:58with respect to Canada, which I very strongly believe in fighting
08:04for Canada and Canada, we're stronger together.
08:06Whatever you feel, though, on that question or any of the other
08:09questions being asked, to have your voices heard.
08:12Last thing, if I may say, is this is very early days, but on the
08:16mail-in ballots, the indications are that it's a much higher degree
08:20of take-up than usual.
08:22So, well, the federal government, it's obviously
08:28I'll be here, ministers will be here, we'll be doing our jobs,
08:30people will be observing what we do.
08:33Bonjour, Monsieur le Premier ministre.
08:34Bonjour.
08:35Est-ce que votre gouvernement va répliquer au plus récent
08:39tarif douanier du Président Trump, et pourquoi?
08:44Premièrement, nous sommes en train d'étudier les mesures de nouveau
08:50des Américaines.
08:51Il y a quelques mesures qui sont des échanges, des produits, ils enlèvent
08:58les tarifs pour quelques produits et les remplacés avec les autres.
09:07Les mesures spécifiques, soyez claires, les mesures spécifiques sont
09:14importantes, bien sûr, pour quelques secteurs, quelques compagnies.
09:20Mais dans l'ensemble, et par rapport à d'autres mesures, d'autres initiatives
09:25américaines, d'autres menaces américaines, c'est un geste modeste dans ce contexte.
09:34La meilleure réponse est le plan A du gouvernement.
09:39C'est de battre ici, diversifier à l'échelle mondiale.
09:43La semaine dernière, vous avez dit que vous ne négocierez pas avec les Américains si les
09:47insultes se poursuivaient de la part de la Maison-Blanche par rapport à l'administration
09:51américaine.
09:52Il continue, oui.
09:53Est-ce que vous… il y en a eu quelques épisodes plus tôt cette semaine.
09:57Oui.
09:57Qu'est-ce que ça vous prend pour retourner à la table de négociation, et si je peux me
10:02permettre, est-ce que vous allez exiger des excuses de l'administration Trump avant de retourner
10:08à la table de négociation pour les insultes qu'ils ont proférées contre votre gouvernement
10:12et contre vous?
10:17C'est un peu de conseil pour les Américains.
10:19Ce n'est pas une ligne rouge pour les Américains.
10:23C'est mieux de ne pas avoir des insultes, des mimes, tout cela.
10:29Il y a un système différent, là, maintenant.
10:32Il y a des changements, là, aux États-Unis.
10:34Alors, ce qui est nécessaire, c'est d'avoir des négociations face-à-face, professionnelles,
10:45avec le respect pour la souveraineté du Canada.
10:49Est-ce que ça prend des excuses de la part de l'administration américaine?
10:53Non, non, pas nécessairement.
10:54Tout est possible.
10:56Tout est possible.
10:57Oui, madame.
11:04Sous-titrage Société Radio-Canada
11:07de l'administration spontantie.
11:16Le argent mysteries.
11:19La place !
11:20Let me answer the second part of that, and of course it's really for the Americans to answer that specifically,
11:27but in general, with the measures that you've seen over time, whether they're initial tariffs or our response to the
11:37counter tariffs, for example, the ones that came into effect on the eight, there is a period of time between
11:42the announcement and them going into effect, which is to allow for companies to adjust and us to make sure
11:50we've got
11:50that sometimes we don't always get it right, and we have to change things, as we did with the September
11:568 measures.
11:57So I wouldn't over-interpret any, it's really for the Americans to answer the question, but I wouldn't over-interpret
12:03a delay, if you will, or a lag.
12:06That's kind of the nature of these measures, first point.
12:11And then the second, I mean, I'll refer to my earlier answer in French.
12:18I mean, there's, we're always ready to sit down in a professional way to negotiate.
12:27We think there is a mutually beneficial deal possible that respects our sovereignty and is in the interests of both
12:36countries.
12:36So that's a possibility.
12:38The point I was making this morning, and again, in the context of the questions that were posed to President
12:46Zelensky and myself,
12:48is that in my role, as you would expect, I engage with the President of the United States on a
12:57wide range of issues.
12:58And in issues of geopolitical, you know, defense and security, of course, I'm going to continue to speak.
13:05And it's in those contexts I spoke to the President.
13:08You're hosting your investment summit soon.
13:11I'm wondering what your message is going to be for the business leaders who attend
13:15on why they should invest in Canada at a time when tariff-free access to the U.S. is increasingly
13:20in question.
13:21Well, look, Canada is about so much more than being next to the United States, okay?
13:28We have what the world wants.
13:30We're an energy superpower, and we're putting that into place.
13:33We have one of the largest resources, undeveloped resources of critical metals and minerals.
13:38We have the most educated, most educated population in the world.
13:41We are the most connected economy in the world, one and a half billion consumers.
13:46We're on track to double that.
13:49I think you see by revealed preference the individuals and the organizations that are coming to that investment summit.
13:58They are coming because of Canada.
14:00If they wanted to go to the United States, they go to the United States.
14:02They, of course, go to the United States as well.
14:04It's what we have.
14:05And what they're going to see as well when they come here, and some of them are already here,
14:10but when they come here, is a country that is uniting, a country that is positive,
14:16a country that is building and wants to move forward, and for an investor, wherever they're from,
14:22and a country that respects rule of law, and a country that is reliable.
14:28And that's exactly – that combination is pretty rare in the world, and it's an attractive combination.
14:33We'll see over time, and, you know, it's a – this is an engagement.
14:37There'll be a series of things that come from the summit in the coming months and years.
14:42Merci, Médé.
14:42Merci, Médé.
14:43Merci, Médé.
14:43Merci, Médé.
14:43Bonjour, Monsieur le Premier ministre.
14:44Valérie Gamache, de Radio-Canada.
14:47Quand on parle de représailles, d'une part, est-ce que vous avez une ligne rouge de dire,
14:52bien, à partir de tel moment, on va y aller.
14:55Puis pour ce qui est de la reprise des négociations, avez-vous le même genre de ligne rouge,
14:59puis pouvez-vous en parler un peu aux Canadiens?
15:01On parle un peu aux Canadiens.
15:03Well, en ce qui concerne les représailles, on va prendre des mesures toujours dans l'entérêt
15:11des Canadiens et des Canadiens, des travailleurs et des travailleurs.
15:14De temps en temps, c'est nécessaire – ça dépend des mesures américaines, mais de temps
15:18en temps, par exemple, dans le secteur de l'acier, c'est nécessaire d'avoir des contre-terroristes,
15:27on peut dire des représailles, mais c'est nécessaire de protéger nos sociétés et nos travailleurs
15:35à cause de la perte d'accès au marché américain.
15:41Les retombées ici au Canada, ça demande une repense tarifiée, une repense financière,
15:49si je peux dire comme ça. Premier point.
15:53Il y a une autre – oh, des lignes rouges sur les négociations.
15:58OK, on a déjà mentionné.
16:03Respect pour la souveraineté du Canada en ce qui concerne d'autres accords de libre-échange
16:10avec d'autres pays.
16:13Respect pour la culture canadienne et la langue française.
16:18Le droit.
16:20Il l'a déjà fait après.
16:24M. Greer l'a fait en français.
16:28Ce n'était pas le cas dans les négociations.
16:32C'est à cause de la réaction du gouvernement du Canada.
16:35Maintenant, il dit OK, OK, c'est pas une ligne rouge pour les Américains.
16:40Ils étaient une ligne rouge pour les Américains.
16:43Pas maintenant.
16:44OK, nous sommes heureux que les Américains maintenant reconnaissent nos droits ici au Canada,
16:54la souveraineté du Canada.
16:55Alors, il y en a deux.
16:57La concurrence du secteur automobile.
17:00Il y a d'autres aspects dans les produits dérivés.
17:04Et une marge – c'est 2026, on parle comme ça maintenant –
17:13une marge de stabilité et crédibilité d'un accord possible avec les Américains.
17:19Alors, ça, c'est le green rouge.
17:21OK, madame, qu'est-ce que vous…
17:23Vous avez fait micro…
17:27Quickly, in English, we just want to hear whether or not you're planning to retaliate, Prime Minister.
17:32Yeah, OK, so I'll just, I'll summarize the answers I gave previously.
17:37We're looking closely at the measures that the Americans have just recently announced.
17:43I would note that some of them are swapping some tariffs for other tariffs, so the aggregate's not there.
17:49We fully recognize that for individual companies and in individual sectors, these are significant, and there's a response there.
17:58I would also recognize that in the context of other things that the U.S. administration has done, other measures
18:06the U.S. administration has done, that these are relatively modest measures.
18:13And so we take that into context, and we also take into context, and I will have to leave after
18:18I finish this, these few sentences,
18:20we take into context that the biggest impact we can have here in Canada is to focus on what we
18:27can control,
18:28building at home, diversifying abroad, and delivering for Canadians.
18:33And that's what the Cabinet is meeting on now, and that's what we're going to focus on, and we'll have
18:38a chance to draw that out in more detail.
18:41So thank you all for coming, and merci beaucoup.
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